Moran Wealth Management LLC Invests $2.64 Million in Donnelley Financial Solutions (NYSE:DFIN)

Moran Wealth Management LLC bought a new stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 60,311 shares of the company's stock, valued at approximately $2,636,000. Moran Wealth Management LLC owned 0.21% of Donnelley Financial Solutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Donnelley Financial Solutions by 9,314.6% in the 1st quarter. GAMMA Investing LLC now owns 12,239 shares of the company's stock valued at $535,000 after buying an additional 12,109 shares during the period. New York State Common Retirement Fund grew its position in shares of Donnelley Financial Solutions by 19.1% during the fourth quarter. New York State Common Retirement Fund now owns 44,987 shares of the company's stock worth $2,822,000 after buying an additional 7,200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Donnelley Financial Solutions by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,678 shares of the company's stock worth $921,000 after buying an additional 540 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Donnelley Financial Solutions by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock worth $23,436,000 after buying an additional 22,195 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Donnelley Financial Solutions by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 175,782 shares of the company's stock worth $11,027,000 after buying an additional 1,350 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Stock Up 1.0%

DFIN traded up $0.60 on Friday, reaching $61.62. The company's stock had a trading volume of 587,661 shares, compared to its average volume of 233,560. The stock has a 50 day moving average of $54.30 and a two-hundred day moving average of $54.31. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 20.40 and a beta of 1.04. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.54. The firm had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.47 million. Donnelley Financial Solutions had a return on equity of 21.80% and a net margin of 11.56%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Craig Clay sold 11,022 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the completion of the sale, the insider now owns 143,448 shares in the company, valued at approximately $7,750,495.44. The trade was a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DFIN has been the subject of a number of analyst reports. DA Davidson reissued a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC reissued a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st.

Donnelley Financial Solutions Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).